The UK Government has published a new 12-point export strategy titled ‘‘Made in the UK, Sold to the World’’. This is a plan to help businesses across the UK double exports and sell their world-class products around the globe.
The 12-point plan will give businesses the tools they need to become a nation of exporters, helping businesses hit £1 trillion in exports. The UK currently exports £600 billion in goods and services, but only 1 in 10 companies export. The number of goods exporters falling behind continental competitors like Germany, Denmark and the Netherlands. The Department or International Trade wants to work hand-in-hand with business to help them succeed in the global marketplace through a first-class export support framework including;
- the Export Support Service, a single point of contact for exporters to Europe,
- expanding the UK Export Academy for SMEs in all parts of the UK,
- a new UK Tradeshow Programme, to give UK companies a leg-up to exhibit at the world’s biggest tradeshows,
- and the new ‘Made in the UK, Sold to the World’ campaign, promoting the best of British goods and services.
Regarding the Export Academy, launched in October, this will invite owners and managers of SMEs to access masterclasses, roundtables and networking events that help them overcome common challenges first-time exporters face. The strategy also mentions a new Internationalisation Fund, open to SMEs in England, that will aim to grow international sales, and has facilitated £4 million of support to SMEs attending Trade Fairs.
“The UK economy is at an inflection point. While current challenges in global trade persist and business continue to adjust to the UK’s new relationship with the EU, firms need to have an eye to future opportunities. The government has stepped up to provide greater practical support for exporters, and we now need to work together to get more British businesses thinking global for growth.” – CBI President, Lord Karan Bilimoria
“Our export strategy will help more businesses start exporting and help those who already export to sell more products to more countries. Reaching £1 trillion worth of exports by the end of this decade means more jobs, more opportunities and higher wages helping the UK to level up and build back better” – Secretary of State for International Trade, Anne-Marie Trevelyan MP.